Sampson Company's accounting records show the following for the year ending December 31, 2014: 
Using the periodic system, the cost of goods sold is
Definitions:
Crude Oil
A naturally occurring, unrefined petroleum product composed of hydrocarbon deposits and other organic materials.
Tractors
Agricultural machinery designed for plowing, tilling, and performing other tasks on farms to facilitate crop production.
Gain From Trade
The increase in utility or benefit that entities receive from trading goods or services with each other, often as a result of specialization and efficiency.
Barrels
A unit of measure for oil and other petroleum products, equal to 42 US gallons.
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